Edited by Yung Chul Park, Takatoshi Ito and Yunjong Wang
This book contends that the East Asian financial constitution lacks an appropriate infrastructure, resulting in inefficient allocation of high savings and an over-inflated short-term debt market. It goes on to point out that despite high savings, East Asia’s dependency on financial centers outside the region is also relatively high, and that there is no strong region-wide network to connect various financial centers in East Asia.
Show Summary Details
- A New Financial Market Structure for East Asia
- Chapter 1: Introduction: A New Financial Market Structure for East Asia
- Chapter 2: Finance and Economic Development in East Asia
- Chapter 3: Financial Liberalization and Capital Market Integration in East Asia
- Chapter 4: Why has there been Less Regional Integration in East Asia than in Europe?
- Chapter 5: How has the European Monetary Integration Process Contributed to Regional Financial Market Integration?
- Chapter 6: International Capital Flows and Business Cycles in the Asia Pacific Region
- Chapter 7: Tokyo Financial Market as a Financial Center in East Asia
- Chapter 8: Can Hong Kong Survive as an International Financial Center?
- Chapter 9: Recycling Asian Savings within the Region: The Role of Singapore
- Chapter 10: Korea as a Financial Hub
- Chapter 11: Financial Centers in East Asia: The Malaysian Perspective
- Chapter 12: The Thai Financial Sector in Transition: Can the Bond Market Prevent a Future Currency Crisis?
- Chapter 13: Financial Centers in East Asia: An Indonesian Perspective
- Chapter 14: The Re-emergence of Shanghai as a Financial Center in China’s Financial System
- Chapter 15: Australia’s Financial Markets and Institutions
- Chapter 16: A New Financial Market Structure for East Asia: How to Promote Regional Financial Market Integration
- Chapter 17: How to Mobilize Asian Savings within the Region: Securitization and Credit Enhancement for the Development of East Asia’s Bond Market
- Chapter 18: The Role of Regional Development Banks: Financing for Development in East Asia
This content is available to you
If the inline PDF is not rendering correctly, you can download the PDF file here.